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exercise- riexiDie suaget rerrormance mepo Solutions Corporation manufactures and sels a wide variety of packaging products. Performance reports are prepared for each department The planning

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exercise- riexiDie suaget rerrormance mepo Solutions Corporation manufactures and sels a wide variety of packaging products. Performance reports are prepared for each department The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month cosel rornua 15 80 8,200 * $1.60q 6,400S.80 81,100 $0.40q $23, 000 $370 SB.400 2 100 Direct labor Indirect labor veilities Supplies Equipment depreciation Factory rent Property taxes Factory administration The Production Department planned to work 8,000 labor-hours in March: however, it actually worked 8.400 labor-hours during es month. Its actual costs incurred in March are listed below ccual cost Incurzed Ao March $134 730 $ 19.860 $ 14.570 S 41980 $ 54.080 8,700 $2,100 $26,470 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Required Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month. 3. Prepare the Production Department's flexible budget performance report for March, including both the spending and a variances. ferences Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 oints Prepare the Production Department's planning budget for the month. Packaging Solutions Corporation eBook Production Department Planning Budget For the Month Ended March 31 Print Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Total expense References Required2 Required 1 Required 2 Required 3 Prepare the Production Department's flexible budget for the m Packaging Solutions Corporation Production Department Flexible Budget For the Month Ended March 31 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration 2s Total expense Required 1 the effect of variances. (I each variance by selecting "F" for favorable, "U" for unfavorable, and "None for no effect variance e values.) 8,400 S 134,730 14,570 54,080 8,700 2,100 26,470 $ 265,490

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